Strive’s SATS preferred stock pays its first daily dividend

The Bitcoin treasury firm's 15% fixed-rate preferred now sends cash to holders on a business-day schedule Strive’s Series A Perpetual SATS Preferred Stock has paid its first daily dividend. The payout delivers on the security’s central promise: income that accrues every business day. Most dividend payers make shareholders wait a quarter between checks. Strive, a Bitcoin treasury company listed on Nasdaq under ASST, built SATS to pay on a business-day schedule. How the SATS payout works Strive’s board announced the inaugural dividend on October 21, 2026. It set the amount at $0.8710 per share, covering a period of 14 business days, with a payment date of November 9, 2026. The math behind that figure comes from a fixed annual dividend rate of 15%. That rate applies to a $100 stated amount per share, which works out to $15 a year, or $1.25 a month. Payments are made in cash on each business day. They remain contingent on the board declaring them and on Strive having funds available to pay. The shares carry a few other features worth knowing: Cumulative: any dividends that go unpaid keep accruing rather than disappearing. Non-convertible: holders cannot swap SATS into common stock. No ...